Urban consumption hits twoyear low, index shows Inflation at 14month high; food inflation in doubledigits Middle class frustration impacts Modi39;s election performance Fastfood chains report sales declines CHENNAINEW DELHI, Nov 13 India39;s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country39;s […]

BUENOS AIRES, Nov 12 Reuters Argentine President Javier Milei39;s dramatic austerity agenda has helped lower inflation, but the slowdown has come at the cost of consumption in a battered economy where more than half of the country has fallen into poverty. The libertarian president, nearing a year in office, has celebrated falling inflation as one […]

Fed survey shows improved consumer confidence in inflation and job market Inflation expectations for year ahead at 2.9, lowest in four years Consumers see lower risk of debt default, improved credit access Nov 12 Reuters U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market, […]

MUMBAI, Nov 12 Reuters Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday. The record prices are likely to lift retail inflation that surged to a 14month high in October, driven by […]

SAO PAULO, Nov 12 Reuters Retail sales in Brazil rose less than expected in September but recovered from a fall in the previous month, as the strength of Latin America39;s largest economy keeps in focus amidst the central bank39;s fight against inflation. Retail sales volumes rose 0.5 in September from August, statistics agency IBGE said […]

NEW DELHI, Nov 12 Reuters India39;s industrial output rose 3.1 yearonyear in September, backed by manufacturing activity, government data showed on Tuesday. Economists polled by Reuters had expected a growth of 2.5. In August, industrial output had contracted for the first time in nearly two years. Manufacturing output climbed 3.9 yearonyear in September, electricity generation grew […]

ISLAMABAD, Nov 12 Reuters The International Monetary Fund39;s Pakistan mission chief Nathan Porter on Tuesday opened unusual talks with Pakistan over a 7 billion bailout approved by its board in September, the finance ministry and sources said. The unscheduled visit of the IMF mission and talks beginning with meeting the country39;s finance team are too early for […]

NEW DELHI, Nov 12 Reuters India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 20242025, according to a government source. Federal government spending slowed during AprilJune due to the national elections, with total expenditure in six months through September […]

SYDNEY, Nov 12 Reuters Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank NAB showed its index of business conditions held at 7 in October. The more volatile confidence index […]

SYDNEY, Nov 12 Reuters Australian consumer sentiment rose sharply in November for a second straight month, reaching a 212year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday. The WestpacMelbourne Institute index of consumer sentiment rose 5.3 in November from October, when it jumped 6.2. The index […]